Market – June 3, 2018
Top Chilean salmon company strikes deal to buy two smaller salmon farms for $255m
PHOTO: AquaChile
AquaChile will purchase Salmones Magallanes and Pesquera Eden.
Salmones Magallanes and Pesquera Edén has 26 concessions and a processing plant in Puerto Natales.
In 2017, the two companies together produced a total of 22,900 tonnes of salmon. .
AquaChile CEO Agustin Ugalde said the acquisition is important because the move strengthens the company’s access to the Magallanes region – an area considered ideal for salmon farming.
“These acquisitions are a big step for our company,” he said, according to Soy Chile.
The deal still requires approval of regulators.
